AXT Inc (AXTI) Stock Falls on Q1 2026 Earnings

AXT Inc (AXTI) reported first-quarter 2026 revenue of $26.9 million, up 39.1% year-over-year and slightly above the Street estimate of $26.7 million.

Revenue: $26.9 million, +39.1% YoY (beat estimate of $26.7 million).

Gross profit: $8.0 million, down 742.9% YoY.

Operating result: operating loss of $1.6 million, down 84.6% YoY.

Net income: net loss of $1.6 million, down 81.6% YoY; diluted EPS of -$0.03 (estimate -$0.047).

Balance sheet and cash-flow highlights included:

Cash from operations: $4.3 million, down 228.2% YoY.

Capital expenditures (purchases of property, plant and equipment): $3.0 million, up 494.3% YoY.

Cash and cash equivalents: $128.4 million, up 306.4% YoY.

Total liabilities: $99.1 million, up 13.5% YoY.

Cost of sales: $18.9 million, down 8.0% YoY.

Shares were down 4.01% since market close.

Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.

AXT Inc Insider Trading Activity

AXT Inc insiders have traded $AXTI stock on the open market 33 times in the past 6 months. Of those trades, 0 have been purchases and 33 have been sales.

Here’s a breakdown of recent trading of $AXTI stock by insiders over the last 6 months:

MORRIS S YOUNG (CEO) has made 0 purchases and 9 sales selling 547,756 shares for an estimated $17,101,998.
GARY L FISCHER (CFO) has made 0 purchases and 6 sales selling 293,239 shares for an estimated $6,441,054.
JESSE CHEN has made 0 purchases and 10 sales selling 99,812 shares for an estimated $4,325,687.
DAVID C CHANG has made 0 purchases and 7 sales selling 235,000 shares for an estimated $4,300,347.
LEONARD J LEBLANC sold 3,637 shares for an estimated $30,587

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API.

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AXT Inc Hedge Fund Activity

We have seen 108 institutional investors add shares of AXT Inc stock to their portfolio, and 27 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

DAVIDSON KEMPNER CAPITAL MANAGEMENT LP added 2,734,693 shares (+inf%) to their portfolio in Q4 2025, for an estimated $44,712,230
HOOD RIVER CAPITAL MANAGEMENT LLC added 2,012,228 shares (+inf%) to their portfolio in Q4 2025, for an estimated $32,899,927
PACIFIC RIDGE CAPITAL PARTNERS, LLC removed 1,793,797 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $29,328,580
FIRST BEIJING INVESTMENT LTD removed 1,730,156 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $28,288,050
POINT72 ASSET MANAGEMENT, L.P. added 1,516,156 shares (+inf%) to their portfolio in Q4 2025, for an estimated $24,789,150
CLOUDALPHA CAPITAL MANAGEMENT LIMITED/HONG KONG added 1,390,730 shares (+inf%) to their portfolio in Q4 2025, for an estimated $22,738,435
E FUND MANAGEMENT CO., LTD. added 1,262,719 shares (+inf%) to their portfolio in Q1 2026, for an estimated $71,949,728

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API.

AXT Inc Price Targets

Multiple analysts have issued price targets for $AXTI recently. We have seen 2 analysts offer price targets for $AXTI in the last 6 months, with a median target of $50.5.

Here are some recent targets:

Matt Bryson from Wedbush set a target price of $80.0 on 04/29/2026
Dave Kang from B. Riley Securities set a target price of $21.0 on 02/20/2026